Aspen has had a strong year to date and has grown its book ahead of targets following the launch of their Heavy refurb + 100% works funding, Dev Exit with no minimum interest, and their Bridge-to-Let offering which recently won B&C’s Product of the Year Award 2022.
S&U PLC their FTSE listed parent is confidently allocating equity funding to support Aspen’s continued success in the coming 18 months. With the continuing base rate rises please see below the updated rates for reference.
Attached is the latest Product Guide & Rates Card as well as the below summary.
Aspen are now offering:
Stepped Rate:
| All types & LTVs | Full | 0.49% |
| Reduced | 0.39% |
Flat rates:
| Resi Products | Max LTV | Rate pm |
| Dev exit & Refurb | 80% | 0.84% |
| Reduced | 0.79% | |
| All Resi Products (including Heavy works) |
75% | 0.79% |
| Reduced | 0.74% | |
| 70% | 0.76% | |
| Reduced | 0.71% | |
| 65% | 0.74% | |
| Reduced | 0.69% | |
| No Val Resi | 70% | 0.79% |
| Reduced | 0.74% |
| Commercial Products | Max LTV | Rate pm |
| Semi-commercial | 70% | 0.79% |
| Reduced | 0.74% | |
| Commercial | 65% | 0.84% |
| Reduced | 0.79% |
| Bridge to Let | Pay Rate | Full Rate |
| Residential, Light Dev & HMO | 5.49% | 7.49% |
| Semi-commercial | 5.99% | 7.99% |
Please note loans under £400k net day 1 or cases with acceptable credit issues will have a 0.05% loading.
Their USPs
- Foreign Nations Bridging experts
- 80% LTV (post-val)
- Funding 100% Drawdowns
- No Val Completion within 10 days
- Loans from £200k – £10m Net
For new deals please email enquiries@aspenbridging.co.uk or call their mobiles here:
| Ian Miller-Hawes | 07708 486 587 | Email: Ianmh@aspenbridging.co.uk |
| Steve Gregory | 07716 098 079 | Email: Steveg@aspenbridging.co.uk |
| Saif Khalique | 07922 577 541 | |
| Jamaal Mckoy | 07513 480 392 | |
| Laura Randall | 07708 487 674 |